Quick Update!
Sold all ISDN @15cents.
Bought in ziwo @28cents. (now avg price of ard 29.5cents)
Market outlook:
Looks like the market is not so ready to rebound quickly. Is kind of a correction for DOW now as it has been on the rise for quite sometime even when the Asia markets start to correct 1-2weeks ago. Plus the current situation at Libya, STI market should be trading between 2800-3100 range.
Strategy:
Fast in fast out for some quick bucks. Queue for those companies which are fundamentally sound but have corrected more than 20% recently.
Stocks in radar:
1. waiting to avg down Sinotel and China Environment if they go down further.
2. Hongwei - drop from the recent high at 27cents to current 20.5cents. Will buy in some if it drops below 20cents.
3. ISDN - will buy in again at 14/14.5cents
4. LeaderEnv - didnt manage to buy in during the latest sell off due to exceeding credit limit. =.=". it rebounded back to 21.5cents from lowest 20cents. Still have potential for upside as it came down from the high of 32cents recently. But on the safe side, will consider it again if it goes down back to 20cents or lower.
Thats all for now! Its getting very exciting in this kind of market. Wish me luck once again.
May you guys HUAT TOO!
-Ah Lam
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